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SOLD by ALDES Cliff Bell 1 July 2021
11 strong workforce providing gardening services to Durban & Northern suburb clients - 3 complex's & 32 individual houses, producing a turnover of approx. R1.1m, providing a R530 000 pa NP to a new owner.
The business is non-VAT Registered as the turnover is only now pushing above R1.1m (Feb 2021) from some R900 000 in 2020; with 2021/22 expected to reach R1.2m ++
Very basic records are available as supported by Bank Statements & Service Contracts, while client introductions & calls re - once off's would further support this Report.
The income is very steady throughout the year as a result of the sales pitch & contracts signed (R97 500 pm), with only landscaping varying through out the year as these once-off's could occur at any stage through the year (but generally around R80-100 000 for the whole year).
For the period when the business was closed in April & May 2020, the Broker has inserted a low R100 000 pm to obtain a more normal reflection of a full-12 month period (outside of the COVID hard-lockdown and an indication of the new owners outcomes). Since some R45 000 was rec'd during those 2 months the actual adjustment was actually some R155 000.
Please note that March 2020 is actually March 2021, so as to provide for the latest info to-date.
Bakkie (2017), Trailer (licenced), Equipment, Tools - all are in working order and worth some R200 000 on a 2nd hand basis.
The business can operate from the new owners house as it does presently, although the Seller has a Storage Unit closer to his client base as he lives 25 km away. The rental being R21 600 pa, is included in this Financial Report, & could be saved, increasing the NP of the business if the new owner has space at their residential property.
4-5 days a week
The seller is just retiring - so he is available to assist/advise
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